enCore Energy (NASDAQ:EU) Trading 4.6% Higher

enCore Energy Corp. (NASDAQ:EU) shares shot up 4.6% during trading on Friday . The stock traded as high as $3.88 and last traded at $3.83. 465,029 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,196,860 shares. The stock had previously closed at $3.66.

Wall Street Analyst Weigh In

A number of research firms recently commented on EU. HC Wainwright decreased their target price on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

enCore Energy Trading Up 1.9 %

The stock’s fifty day simple moving average is $3.57 and its 200 day simple moving average is $4.07. The company has a market cap of $687.83 million, a price-to-earnings ratio of -28.15 and a beta of -0.03.

enCore Energy (NASDAQ:EU) last posted its earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $5.32 million during the quarter, compared to the consensus estimate of $13.10 million. On average, analysts predict that enCore Energy Corp. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EU. Rathbones Group PLC acquired a new position in enCore Energy during the 2nd quarter worth $39,000. Xponance Inc. acquired a new stake in enCore Energy in the second quarter valued at $43,000. Sei Investments Co. purchased a new stake in enCore Energy during the 2nd quarter worth about $46,000. Virtu Financial LLC purchased a new position in shares of enCore Energy in the 1st quarter valued at about $84,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of enCore Energy during the 1st quarter worth about $83,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.